On the Role of Social Capital in Youth Crime: A Dynamic Structural Approach
We study criminality in a dynamic context by introducing social capital into the economic theory of crime. Social capital measures the extent to which an individual is bonded to legitimate society. According to the social control perspective. bonds to society strengthen as the individual ages, increasing the cost of deviant behaviof, making criminal acts less likely. This hypothesis is consistent with the temporal patlern displayed in aggregate arrest data. We empirically implement our model using panel data on a sample representative of young men in urban areas of the United States. Estimation is complicated by an omitled regressor problem, which arises because choices in future states not realized, are unobserved. We resolve this issue by replacing the unobservables with Monte Carlo draws from the conditional empirical distribution of observed outcomes and using a Method of Simulated Moments estimator. Our results provide evidence in support of a social capital theory of crime. We find that social capital affects both preferences and earnings in the legitimate sector. Further, as predicted by social control theory. social capital becomes increasingly important over the Iife-cQurse. This raises the cost associated with crime. making its occurrence less likely.
|Date of creation:||1998|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: (618) 8303 5540
Web page: http://www.economics.adelaide.edu.au/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:adl:wpaper:1998-02. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dmitriy Kvasov)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.